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David Whitson

LPL Financial LLC
27 Years of Experience
Saraland, AL
7 DisclosuresBrokerSells Insurance
View SEC Summary
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David Whitson is a registered investment advisor at LPL Financial LLC, based in Saraland, AL, with 27 years of industry experience. David is also registered as a broker, so some compensation may come from commissions on products sold. Their practice areas include Investment Management, Retirement Planning. Their firm serves 1,986,990 clients with $820B in assets under management.

LPL Financial LLC
Compensation
Fee-Only (% of Portfolio)Fixed/Hourly
Firm Size
28221 advisors
Number of Clients
1,986,990 clients
Average Client Portfolio
$412K average
Assets Under Management
$819.1B

Fee Structure

Minimum Investment:$1K
Investment management only (planning not offered)
Portfolio-Based Fees (Flat)
Portfolio ValueAnnual Fee
Any2.50%

The maximum account fee is 2.50% and is negotiable between the client and the advisor. Fees are based on total assets in the account and payable quarterly in advance.

Fee Estimator
Your Portfolio Value
$500K
$0$500K$1M$5M$20M
Estimated Annual Fee
—
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Location

Saraland, AL

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History

Regulatory History (7)
What are disclosures? Advisors must report customer complaints, regulatory actions, and certain legal or financial events to the SEC. Not all disclosures are serious—many are settled disputes or minor violations. Learn how to evaluate them.
Judgment / Lien
July 2020
Judgment / Lien
January 2019
Judgment / Lien
December 2018
Judgment / Lien
June 2018
Judgment / Lien
November 2017
Customer Dispute
October 2008
Settled
Customer Dispute
January 2000
Denied
View Full SEC ReportHow to Read Disclosures
Other Business ActivitiesSells Insurance

David is an agent for accident & health, life, and variable insurance. He also operates Whitson Wealth Management as a DBA for his securities business, and Whitson Enterprises, Inc., a consulting firm where he handles bookkeeping, business oversight, and cash flow planning. David also provides technology consulting services to small and medium businesses.

Employment History
Current Registrations
LPL Financial LLCBroker
June 2025 - Present · 1 yr 4 mos
LPL Financial LLC
June 2025 - Present · 1 yr 4 mos
Previous Registrations
Western International Securities, INC.Broker
May 2009 - June 2025 · 16 yrs 1 mo
Western International Securities
May 2009 - June 2025 · 16 yrs 1 mo
Merrill Lynch, Pierce, Fenner & Smith Incorporated
March 2007 - May 2009 · 2 yrs 2 mos
Merrill Lynch, Pierce, Fenner & Smith IncorporatedBroker
June 2000 - May 2009 · 8 yrs 11 mos
Prudential Securities IncorporatedBroker
March 1999 - April 2000 · 1 yr 1 mo
State Registrations5 states
ALAZCAMTTX
AdvisorBrokerBoth

You can work with an advisor not registered in your state. Most advisors can legally serve a small number of clients across state lines without registering.

Exams
No exam information available for this advisor.
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